 |
Alaska Administrative Code (Last Updated: January 12, 2017) |
 |
Title 3. Commerce, Community, and Economic Development. |
|
Part 3.1. Banking, Securities, Small Loans and Corporations. |
|
Chapter 3.20. Land Sales. |
|
Article 3.20.2. Unfair Acts and Practices. |
Section 3.20.120. Repurchases, refunds, referrals.
Latest version.
-
It is an unfair act or practice for a person (1) to represent to a purchaser or a prospective purchaser that the developer will buy back, resell, list, or otherwise dispose of purchased property, unless it is true; (2) to induce a purchaser or prospective purchaser to buy land or execute a contract, agreement, option for consideration, or other evidence of indebtedness on the basis that if the purchaser is not satisfied, a refund will be made, unless this is true; (3) to represent or promise a commission, bonus, discount, reward, override, or prize for referring other purchasers to the developer, where the promise or representation is similarly made to those referred.